Price of 1 Satoshi rise to $1? - page 7.

hello_good_sir

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Quote from: Bittoshi on August 24, 2017, 04:09:36 AM

In the early beginnings of Bitcoins (2009-2010) it was easy to get some Bitcoins either by buying them for a few cents, by mining (which was easy in the early days) or even some faucets gave away some bitcoins every day just for clicking a button or solving a captcha. And now watch how expensive a Bitcoin is now.

Today you would not get Bitcoins but only Satoshis for the same time and effort. And as the price rises, you get fewer and fewer Satoshis of course.

Do you think that the price of a single Satoshi will be something like $1 one day? Or even more than that? Will there be fractions of Satoshis in the future like mSatoshis (Milli Satoshi)?

If yes, we should fight for every single Satoshi now as long as the price is relatively low. Use faucets, trade, buy, mine and hold them until you are rich. It's too late now to get whole bitcoins (too expensive) but some thousands of Satoshis here and there could be a lot of money in the future.

What do you think?

Long term wise bitcoin reallly has no limits. 1 dollar per satoshi is really possible, even though it may sound quite an absurd statement to say right now. The fact is that the very principle of measuring bitcoin in fiat for the long term is flawed, because bitcoin is a store of wealth, whilst fiat is a depreciative form of currency that will always lose money.

As more people use bitcoin, the price of bitcoin will go up. At the same time due to inflation and hyperinflation, fiat goes down. This basically speeds up the bitcoin's appreciation in fiat value.

Just don't expect this to happen any time soon, or it could even not happen at all. It really depends on fiat to lose a lot of value via a hypeinflationary scenario. By then, $100 million might be worth only a fraction of what it's worth right now.

hangar18

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Quote from: jubalix on August 28, 2017, 10:38:01 PM

1 sat = 1 cent maybe

If in future we have 1 sat = 1 cent, the value of 1 Bitcoin in that time will be = 100,000,000 sat / 0.01 $ = 1,000,000 Dollar. LOL Grin

, a huge money and dream value of Bitcoin.

jubalix

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1 sat = 1 cent maybe

hawkins

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if that's the case, I guess bitcoin users will be very rich. Well, even you can get hundreds of satoshi in freebitco.in. And I do not think that will happen. having 1 btc will make you a billionaire.

arbitrage001

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Keep on dreaming.

majorlee

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Quote from: Bittoshi on August 24, 2017, 04:09:36 AM

In the early beginnings of Bitcoins (2009-2010) it was easy to get some Bitcoins either by buying them for a few cents, by mining (which was easy in the early days) or even some faucets gave away some bitcoins every day just for clicking a button or solving a captcha. And now watch how expensive a Bitcoin is now.

Today you would not get Bitcoins but only Satoshis for the same time and effort. And as the price rises, you get fewer and fewer Satoshis of course.

Do you think that the price of a single Satoshi will be something like $1 one day? Or even more than that? Will there be fractions of Satoshis in the future like mSatoshis (Milli Satoshi)?

If yes, we should fight for every single Satoshi now as long as the price is relatively low. Use faucets, trade, buy, mine and hold them until you are rich. It's too late now to get whole bitcoins (too expensive) but some thousands of Satoshis here and there could be a lot of money in the future.

What do you think?

yes

have often considered this, it might be a way off for now

but one day if crypto becomes collectors items then yes it will do, 2030+ i reckon

Bagaji

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Quote from: Bittoshi on August 24, 2017, 04:09:36 AM

In the early beginnings of Bitcoins (2009-2010) it was easy to get some Bitcoins either by buying them for a few cents, by mining (which was easy in the early days) or even some faucets gave away some bitcoins every day just for clicking a button or solving a captcha. And now watch how expensive a Bitcoin is now.

Today you would not get Bitcoins but only Satoshis for the same time and effort. And as the price rises, you get fewer and fewer Satoshis of course.

Do you think that the price of a single Satoshi will be something like $1 one day? Or even more than that? Will there be fractions of Satoshis in the future like mSatoshis (Milli Satoshi)?

If yes, we should fight for every single Satoshi now as long as the price is relatively low. Use faucets, trade, buy, mine and hold them until you are rich. It's too late now to get whole bitcoins (too expensive) but some thousands of Satoshis here and there could be a lot of money in the future.

What do you think?

Well I think for 1 Satoshi to be equivalent of one dollar is not attainable in the next twenty-five years to come. This is because 1bitcoin market value has to be like $100 million before you can get the such a of 1 Satoshi equal $1. Bro I don't see it coming though.

ssuchy

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Quote from: cengsuwuei on August 28, 2017, 03:31:13 PM

is very imposible and is never true only you sleep and dream if 1 satoshi one dollar, this mean 1 bitcoin price 100 million dollar
so how much sending fee, example you sending bitcoin 100k satoshi, is equal 100k dollar, bitcoin user is never use bitcoin again,

The fact is that Satosh's initial intention was that Bitcoin is the end result of the wealth of many users. The most used coefficient of crypto currency is Satoshi. I would not worry about the Bitcoin account, because such numbers will still be present on the market.

cengsuwuei

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is very imposible and is never true only you sleep and dream if 1 satoshi one dollar, this mean 1 bitcoin price 100 million dollar
so how much sending fee, example you sending bitcoin 100k satoshi, is equal 100k dollar, bitcoin user is never use bitcoin again,

bitcoin31

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I dont think will happen because if 1 satoshi the price is 1 dollar . The price per bitcoin is 100 million dollars and thats very impossible to happen even you wait more years or maybe century it will not happen true life. Maybe 10000 satoshi become 1 dollars and the price of bitcoin is 10k dollars and thats true happen in the next few years maybe the year of 2018 or theyear 2019 . But I hope price will increase more.

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Quote from: Shinpako09 on August 28, 2017, 09:51:28 AM

Now, this is the most unrealistic prediction i've ever read so far. This is somewhat more on imagination because this is impossible to happen. Not next year, not in 5, not in a decade. It's not I don't believe in btc that it could get higher than the current price but this is different. It is way too high.

Maybe the prediction of single Satoshi getting valued equal to an USD can be considered an imagination, but we cannot completely deny that it won't happen. Why I say this is, just based on the growth it has experienced in the shortest span of less than 10years. Once people just speculated about $5000 and some described it to be an imagination, now everyone believes that price reaches $5000.

Shinpako09

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Now, this is the most unrealistic prediction i've ever read so far. This is somewhat more on imagination because this is impossible to happen. Not next year, not in 5, not in a decade. It's not I don't believe in btc that it could get higher than the current price but this is different. It is way too high.

Answerme2

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Bitcoin has always proved that it can rise unimaginably to new ATH in short time $1 per satoshi is possible in the furture and it's no denying the fact that many of us didn't expected a year ago that bitcoin will be 4300$ in aug 2017 but it happened.

hous26

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Quote from: aakashsangwan on August 27, 2017, 09:40:59 AM

So when 1 satoshi would become $1 then we would also have to think about bitcoin transaction fee, as it would become $50k to $100k which I think is pretty much the salary of a PhD teacher per year. So by then I believe off chain transactions would be "The Thing".

LOL ouch. These Bitcoin transactions fees have got to come down, right?

arseaboy

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Quote from: iv4n on August 28, 2017, 07:51:25 AM

Quote from: Idrisu on August 27, 2017, 10:46:25 AM

We are expecting such beautiful days to come and this is were bitcoin will really represent the idea of the founding fathers. One satoshi equal to one $1 will make bitcoin number one currency in the world. I can speculate that before 2025 0.00001btc will be equal to $1. The best thing to do now as I do encourage long term investors is to buying bitcoin now as much as you could and in future you will become multi-millionaire in dollars.

How much is the prize on faucets this days? If its around 100 satoshis that is great I remember the days when prize from faucets was close to 1000 satoshis per claim, and in some even more. If 1 sat. Is equivalent to 1 dollar then all this time spent on claiming faucets will be rewarded.
When we can expect this price to come, in 10 or maybe 20 years? It will not be any time soon, I have faith that this will happen once but not so soon. Calculations are simple here 1 sat. to be 1 dollars needs 1 BTC to be 100 million dollars, and bitcoin market cap x21 million coins. That is huge, when you put things like this maybe we will not be live to see 1 satoshi = 1 dollar in our lifetime.

chances to witness that is low but it will happen if this investment will continue to proceed and every single support from the big whales are still there
for sure we will see 1 sat = 1$ just cant imagine how rich am I if I started to save at least 1 btc for my families future.

iv4n

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Quote from: Idrisu on August 27, 2017, 10:46:25 AM

We are expecting such beautiful days to come and this is were bitcoin will really represent the idea of the founding fathers. One satoshi equal to one $1 will make bitcoin number one currency in the world. I can speculate that before 2025 0.00001btc will be equal to $1. The best thing to do now as I do encourage long term investors is to buying bitcoin now as much as you could and in future you will become multi-millionaire in dollars.

How much is the prize on faucets this days? If its around 100 satoshis that is great I remember the days when prize from faucets was close to 1000 satoshis per claim, and in some even more. If 1 sat. Is equivalent to 1 dollar then all this time spent on claiming faucets will be rewarded.
When we can expect this price to come, in 10 or maybe 20 years? It will not be any time soon, I have faith that this will happen once but not so soon. Calculations are simple here 1 sat. to be 1 dollars needs 1 BTC to be 100 million dollars, and bitcoin market cap x21 million coins. That is huge, when you put things like this maybe we will not be live to see 1 satoshi = 1 dollar in our lifetime.

Idrisu

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We are expecting such beautiful days to come and this is were bitcoin will really represent the idea of the founding fathers. One satoshi equal to one $1 will make bitcoin number one currency in the world. I can speculate that before 2025 0.00001btc will be equal to $1. The best thing to do now as I do encourage long term investors is to buying bitcoin now as much as you could and in future you will become multi-millionaire in dollars.

aakashsangwan

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So when 1 satoshi would become $1 then we would also have to think about bitcoin transaction fee, as it would become $50k to $100k which I think is pretty much the salary of a PhD teacher per year. So by then I believe off chain transactions would be "The Thing".

Quidat

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Quote from: ?? on ??

Yes,of course.when bitcoin price goes very high beyond the limit of a normal person,then he could not afford to buy a bitcoin as a whole.So,in such situations,the price of even a satoshi could cost more say $1.So,we would be buying satoshis at that time either by signature campaigns or by trading or by completing some works like programming,etc.The word satoshi would be mostly used in future.

Lets assume that bitcoin would reach that point that 1 satoshi = 1$ and talking 1 bitcoin = 100M usd too which its really an impossible thing and I cant really think off even on my dreams if that would happen and I'm sure most goods and needs on this world do cost too expensive which would be 1000x more compared on the price of todays. Knowing that if bitcoin would be on that state we would really presumed that it is already on the mainstream.

Ararbermas

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I think if the value of 1 satoshi became 1$ this kind of currency will be acknowledge worldwide. All people in this world will be panic . Cause claiming 1 satoshi is very easy.i think that faucet that have a free claim satoshi will disappear if the value of 1 satoshi is 1$. And if that things happened all of people will be interested and so on bitcoin will be legal in public?

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